Two local ready-mix cement manufacturers,Here and There,have combined demand given by Q = 105 - P.Their total costs are given by TCHere = 5QHere + 0.5Q2Here and TCThere = 5QThere + 0.5Q2There.If they successfully collude,their maximum joint profits will be:
A) $500.
B) $1,000.
C) $1,600.
D) $2,000.
E) $2,500.
Correct Answer:
Verified
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